Tagged With solar city

Elon Musk's SolarCity acquisition played a large part in breaking the US solar industry's five-year winning streak, according to a report released Wednesday from the Solar Energy Industries Association and Greentech Media. Overall, residential solar sales are down 13 per cent in the US this year, following five straight years of gains. After being acquired by Tesla, where Musk is CEO and founder, SolarCity's door-to-door sales pushes became much less aggressive, a drop that echoed across the market, the report said.

Yesterday, Elon Musk's Falcon 9 rocket exploded during a test fire. But that wasn't all -- by the time the day was over, Musk had also lost nearly $US780 million ($1.03 billion) and Mark Zuckerberg's love.